summary

community currencies

theory

dif and flow sequence

play

cc program (demonstration only) on-line

fiwg - a money system has been created

practice

period of infancy

commercial "barter", LETS etc

now adolescence, maturing fast

coming soon

big changes

network goods - variety multipliers

factors - facility, demand

consequences

substantial impacts on - social, economic, environmental stabiltiy/security,

investment, banking, trade

affects everything that has to do with money

business plans

a system that creates money is not fundamentally challenged for viability

cc systems will pay for themselves, but need initial investment, backing.

common situation, but uncommon business model - the commons does not pay in the usual way

you can't sell water by the river or money you're giving away.

(although .. US commercial "barter" - about $30B - around $3B in operations - an internal contradiction that will soon be resolved)

however, estimate of realisable revenues over 5 years is about $10 per person in population of region, 10% part of $100 raised for non-profits under a particular regime of basic commercial service operations

give away a lot to secure a little

a cc development organization must reflect all the above factors to develop organization

miscellaneous

open source / software community can apply open money to make realistic business models

Japan - Shibuya projects

London - Objective 2

3rd world cell phones

smart cards - the killer ap?